What ever happened to 'Thou Shalt not Steal' ???..

People are always going on about raising the taxes on the rich. That's probably because they don't realize that the rich pay the lions share of the taxes already.

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The top One Percent in America earns at least $480,930 per year..
While that One Percent of Americans makes about 20% of all dollars earned in America, they pay 39% of all taxes paid to the IRS. The top One Percent pay a much higher percentage of their income to the IRS: a 27.1% rate for the average One Percenter vs. a 14.34% rate for the average taxpayer.

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By Kevin Williamson

Senator Warren apparently has found her guiding spirit and has announced along with her presidential campaign a campaign of economic terror based on force, not law. Specifically, she has proposed to begin seizing a portion of the assets of some wealthy Americans, a course of action that the federal government has no constitutional power to undertake. The seizure of assets is a fundamentally different thing from the taxation of income, which itself took a constitutional amendment to implement. What Warren is proposing is essentially a federal version of the hated asset-forfeiture programs that have been so much abused by law-enforcement agencies — minus the allegation of criminal misconduct and made universal and annual.

The senator is in a bit of a panic: She hadn’t expected to face a challenge from her left in her quest for the Democratic nomination, but as her entire party lurches in a chávista direction, she has been forced to go one step farther lest she fall into the “moderate” class, whose members almost certainly will be slaughtered in the 2020 Democratic primary. And so she proposes this ridiculous and illegal course of action.

Funny thing about Senator Warren’s asset-forfeiture scheme. Like many similar proposals, it probably would not raise much revenue and might in fact leave the country as a whole economically worse off. And the people advising Senator Warren on that are perfectly content with that outcome, because, as Emmanuel Saez and Gabriel Zucman argue in the case of Representative Alexandria Ocasio-Cortez’s proposal to radically increase income taxes, this is to be understood not as an economic question but as a moral one: It is simply morally obligatory to hurt wealthy people. “The point of high top marginal income tax rates is to constrain the immoderate, and especially unmerited, accumulation of riches,” they write.

And who gets to decide what’s merited and what’s unmerited? What are the chances that, say, Senator Warren’s modest millions or her multimillion-dollar home are deemed “unmerited”? What decides, of course, is “unrestricted power based on force, not law,” because the law cannot substantially answer that kind of question but can only instead encode the desires of people with power, which is what Senator Warren is seeking more of.

Again, we have been here before.

When the socialist schemes of Joseph Stalin et al. foundered, they blamed the “kulaks,” i.e. those who had enjoyed the “unmerited accumulation of riches.” There was never any real definition of a “kulak.” Basically, if you had one cow and your neighbor had two, he was a kulak. Stalin announced the “liquidation of the kulaks as a class” as a necessary precondition for the progress of his program, which was, like Kamala Harris, “for the people.” Dekulakization (раскулачивание) was responsible for the deaths of about 5 million subjects of the workers’ paradise. This was necessary, the socialists argued, because the kulaks dominated the political party system (“for the rich, wealth begets power,” Zucman writes), because expropriating their wealth was necessary to fund benefits for the people (“The affluent,” Saez and Zucman write, “can contribute more to the public coffers. And given the revenue needs of the country, it is necessary”), because the kulaks were hoarders (under the headline “Elizabeth Warren is trying to save capitalism from itself,” David Atkins of Washington Monthly decries the “artificial lack of resources caused by the looting and hoarding of the obscenely wealthy”), etc.

But do our modern progressives really propose to liquidate these “hoarders” as a class?

Saez and Zucman write hopefully of the prospect that high tax rates would make the class of people with larger incomes “largely disappear.” Representative Ocasio-Cortez declares it “immoral” that we have a “system that allows billionaires to exist.” Marshall Steinbaum, the research director of the progressive Roosevelt Institute, wrote: “It’s increasingly clear that having wealthy people around is a luxury our society can no longer afford.”

And, so, here we are again: The kulaks must be liquidated as a class. But who is a kulak?

We might glean some insight into that from the progressives’ thinking in the recent free-speech debates, which goes something like this: “We’re all in favor of free speech, but Nazis should be chased from the public square, by violence if necessary, and we should harass their employers in order to ruin them financially. Also, everybody who disagrees with me is a Nazi, including children wearing hats that I don’t like.”
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You may not feel like a kulak. You may take comfort in hearing that only the “tippy-top” wealthiest people are to be expropriated in the name of social justice. Those children at Covington Catholic probably didn’t think they were Nazis a week ago, either.

History is short, if you look at it with the right kind of eyes. Some of you might want to consider looking from Zurich or Singapore.
Kevin D. Williamson — Kevin D. Williamson is the roving correspondent for National Review.